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Article: Sudan - The Prospects & Oil Production Declines.
- Article from:
- APS Review Oil Market Trends
- Article date:
- November 2, 2009
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In two years, Sudan has seen its crude oil production fall from 540,000 b/d in the autumn of 2007 to 470,000 b/d and, despite various efforts, the output is not likely to exceed 480,000 b/d in 2010. This is less than half of the 1m b/d target for 2010 projected four years ago. Another distressing development for Sudan and its Asian operators led by the state-owned China National Petroleum Corp (CNPC), the share of the popular light/sweet Nile Blend of crude oils has declined from more than 255,000 b/d to 200,000 b/d, while that of the heavy/sour Dar Blend of acidic crudes has risen to 230,000 b/d, with a fall in income resulting for this change having added to the ...